Blossom Company purchases equipment on January 1, Year 1, at a cost of $606,000. The asset is expected to have a service life of 12 years and a salvage value of $54.540. (a) Your answer is correct. Compute the amount of depreciation for each of Years 1 through 3 using the straight-line depreciation methocd. (Round answers to O decimal places, es. 5,125 . Depreciation for Year 1$ Depreciation for Year 2$ Depreciation for Year 3$ Compute the amount of depreciation for each of Years 1 through 3 using the sum-of-the-years-digits method. Depreciation for Year 1 Depreciation for Year 2 Depreciation for Year 3